It is a week since Anglo American rejected an improved takeover bid from BHP, but as a deal deadline approaches, the target and its suitor are steadfast on their own terms.
When 63.6 per cent of shareholders indicate they don’t want to grant a CEO some 180,000 free shares, most chairmen would listen. Not Ian Wilton.
That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.
WA Premier Roger Cook insists his state’s nickel crisis should not deter major miners from pushing ahead with higher social and environmental standards.
If a deal proceeds, there’s every chance casinos in Sydney and Queensland will look very different. Just look at their guitar-shaped Florida palace.